Stock Yards Bank & Trust Co. increased its stake in Foot Locker, Inc. (NYSE:FL) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 41,579 shares of the athletic footwear retailer’s stock after buying an additional 1,138 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Foot Locker were worth $2,049,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in Foot Locker during the second quarter valued at about $458,000. Xact Kapitalforvaltning AB raised its stake in Foot Locker by 0.5% in the second quarter. Xact Kapitalforvaltning AB now owns 30,496 shares of the athletic footwear retailer’s stock valued at $1,503,000 after buying an additional 159 shares during the period. Hefty Wealth Partners raised its stake in Foot Locker by 2.8% in the second quarter. Hefty Wealth Partners now owns 17,905 shares of the athletic footwear retailer’s stock valued at $882,000 after buying an additional 484 shares during the period. DnB Asset Management AS raised its stake in Foot Locker by 19.7% in the second quarter. DnB Asset Management AS now owns 18,200 shares of the athletic footwear retailer’s stock valued at $897,000 after buying an additional 3,000 shares during the period. Finally, Verde Servicos Internacionais S.A. bought a new stake in Foot Locker during the second quarter valued at about $1,232,000. 96.51% of the stock is currently owned by institutional investors.
Shares of Foot Locker, Inc. (FL) traded down 2.44% during mid-day trading on Monday, reaching $48.76. The company had a trading volume of 2,147,034 shares. Foot Locker, Inc. has a one year low of $44.87 and a one year high of $79.43. The company has a 50 day moving average price of $57.60 and a 200 day moving average price of $69.18. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 10.00 and a beta of 0.70.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 2.48%. Foot Locker’s dividend payout ratio is 25.36%.
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Several analysts have recently issued reports on the company. Zacks Investment Research lowered Foot Locker from a “hold” rating to a “sell” rating in a report on Friday. Oppenheimer Holdings, Inc. assumed coverage on Foot Locker in a report on Friday. They set a “market perform” rating on the stock. TheStreet lowered Foot Locker from a “b-” rating to a “c+” rating in a report on Friday, June 30th. BidaskClub raised Foot Locker from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Foot Locker in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $74.83.
In other Foot Locker news, SVP Paulette Alviti sold 8,000 shares of the stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $74.50, for a total transaction of $596,000.00. Following the sale, the senior vice president now directly owns 36,641 shares in the company, valued at approximately $2,729,754.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following the sale, the director now owns 8,964 shares in the company, valued at $532,461.60. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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